Andreessen Horowitz Part I - Acquired  ## Metadata - Author: **Acquired** - Full Title: Andreessen Horowitz Part I - Category: #podcasts - URL: https://share.snipd.com/episode/d2554b8e-d662-4686-9683-58c6f5b56f12 ## Highlights - Net's Gape Summary: The internal code name that they use is mosilla, which stands for mosaic killer. So as o getin, going clark, at this point time, his net worth from sgi is, he would say, around like 15 million or so. He puts in four million bucks. It was actually gregg sands who was the first p m that they hired,. Gregg sands of costanoa, previously of sutter hill. How awesome. Transcript: Speaker 1 Ye. So obviously, n c s was none too happy with this. They threatened lawsuits all back and forth. Eventually they changed the name to netscape communications. And that is how it comes to be. It was actually gregg sands who was the first p m that they hired, gregg sands of costanoa. Gregg sands of costanoa, previously of sutter hill. How awesome. And gregg sands little sister, emily, was at princeton with me and jenn, and was, i think she was salutatorian of jenny's class, one of the absolutely top five most brilliant people I have ever met in my life. So they changed the name of the company to net's gape. But the internal code, i was going to ask you if you knew this, yes. The internal code name that they use, and they continue to refer to the actual browser code itself, is mosilla, which stands for mosaic killer. Oh, it's so good. It's so good. It's so good. So if you are wondering where mosilla came from, that's it. Ye. So as o getin, going clark, at this point time, his net worth from sgi is, he would say, around like 15 million or so. He puts in four million bucks. ([Time 0:40:22](https://share.snipd.com/snip/7fb0dd24-39e0-4946-904e-5ce9fcd5a123)) - What's the Biggest Loser of the Internet? Summary: The day before, they thought theywere ging to price at 14. The bankers reluctantly, i poed it at 28, and then the first retail trade happens at 75. It falls a little bit during the day, but it closes at 58 dollars a share,. giving the company a three billion dollar market cap. Just insane. I think microsoft was about ten billion at this point in time, if i remember right. Transcript: Speaker 2 The night before, they thought theywere ging to price at 14. The bankers reluctantly, i poed it at 28, and then the first retail trade happens at 75. 75. Speaker 1 Yep. It falls a little bit during the day, but it closes at 58 dollars a share, giving the company a three billion dollar market cap. Speaker 2 Just insane. Speaker 1 Totally insane. I think microsoft was about ten billion at this point in time, if i remember right. Speaker 2 And it's worth saying a few things. One that's absolutely kicked off the dot com bubble. This was the moment that it started a there were of internet i pos before this, but this is the one that blew the doors wide open, made valuations not matter, and created four and a half Years of absolute madness from this point forward. But netscape had an unbelievable growth trajectory, not just in users, but in revenue. Like in the ben horwitz corner of the business, revenues were doubling every quarter, which means they were 16 xing revenue year over year. Well, they'd only been around for five quarters, sure, but tat a 16 x year o gote run rate on revenue. Speaker 1 They did 17 million in revenue in the first six months of 19 95 alone, which like edofera company that entered 19 95 being, what, eight, nine months ([Time 0:49:00](https://share.snipd.com/snip/7d8371a3-6bba-42fa-b785-e3e7f66e5d1a))